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10565 Olinda Street Las Vegas, NV 89179

4 Beds 3 Baths 2,203 sqft Built 2015

$410,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $186.11
  • 4 Days on Market
  • MLS # : 2277189
  • Updated Date : 03/12/2021 at 22:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,203 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Amazing upgraded 4 bedroom & 3 full bath home in the Southwest area. Too many upgrades to list! 4th bedroom downstairs w/full bath. Tankless water heater. Oversized primary shower w/2 shower heads. Beautiful laminate flooring in living/dining/kitchen/bathroom areas. Upgraded kitchen cabinets w/crown molding. All appliances, gazebo, drapes and blinds stay, upgraded ceiling fans, door handles & faucets throughout home, large granite island & countertops, upgraded carpet padding in all bedrooms & stairs. Loft on 2nd floor w/entrance to grotto and rooftop deck w/gas & water hookups. Interior/exterior paint in excellent condition! Nice sized backyard for your enjoyment! True pride of ownership! Move-in READY!

SEE MORE

MARKET HIGHLIGHTS

  • A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
  • Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
  • Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
  • Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10391875

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Carolyn Reedom Elementary School Primary Regular 1,097 58 6
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Carolyn Reedom Elementary School

  • Education Level: Primary
  • # of students: 1,097
  • # of teachers: 58
6
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,424
Property Tax -$296
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$101

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$410,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$36,386

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,010

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,087

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,9753$2,0104$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 10565 Olinda Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.91
    •  
  • 7548 Schuders Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2007
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 10419 Rothorn Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2007
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.97
    •  
  • 7672 Eastham Bay Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2017
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.99
    •  
  • 7779 Minas Ridge Drive Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 2014
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
PROPERTY LISTING DETAILS
Gwendell Y Desena
1.702.994.0611
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2277189
Last Updated: 03/12/2021
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